Xiangtan Electrochemical Scientific Co.,Ltd.’s Net Profit Dropped 37.2% in First Three Quarters of 2023

Xiangtan Electrochemical Scientific Co.,Ltd. (湘潭电化科技股份有限公司) (002125.SZ) reported a net profit of 228.5 million yuan in the first three quarters of 2023, down 37.2% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, up 18.7% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 46.5%.